The Portland / Vancouver area is experiencing a drastic reduction in the amount of distressed properties and REO hitting the market, leading to a shortage of inventory for homebuyers.
Recent statistics from the RMLS show that approximately 80% of all sales were regular homeowners with equity. This is very good news for sellers... not so good for buyers! Multiple offers on newly listed and competitively priced properties are becoming all to common, and prices are inching up.
Experts predict there will be a slight increase in the amount of bank owned and short sale homes in 2013, but not enough to reverse the trend of the shrinking housing inventory. What this means for buyers - if you are on the fence, you should probably make a move while interest rates are low.
Author:Julie Baldino - Owner-Managing Broker Phone: 360-910-3586 Dated: April 20th 2013 Views: 1,134 About Julie Baldino: Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consisten...
Front Door Realty is a locally owned brokerage that specializes in buyer brokerage services, lot and land sales, luxury properties, HUD homes, corporate relocation, and more. Give us a call today so we can match you with the perfect team member!
Tara Friedt360-787-6229Free Home ValuationTaraFriedt.comfacebook.com/L
"Stephanie helped my husband and I purchase our 1st home. She was referred to us by a friend and we couldn't have been happier. Stephanie also helped us find a bank for financing that was familiar with the type of loan we wanted to go with. Overall Stephanie walked us through everything from start to finish. She was always very responsive and answered all of our questions no matter how minor they might have been. Even when we had a few hiccups along the road she was right there with us explaining and reassuring us. After our experience with her, we recommend her to anyone looking for a realtor."